NOT LISTED FOR SALE

Estimated Value: $181,532 - $236,000

4 Beds
3 Baths
2,640 Sq Ft
$81/Sq Ft Est. Value

Last Sold December 01, 2022

Last sale price $193,000 $73 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,586/month

40 Days on Market

Highlights

  • Property is near public transit
  • Rectangular Lot
  • 2-minute walk to Turner-Dodge Park
  • Forced Air Heating System
  • Many Trees

About This Home

As of December 2022

Location, location, location! This beautiful multi-family property is located steps from the Turner Dodge mansion, Reo Town and the River Walk Trail. High ceilings and beautiful bones!
This is a three unit property and following are the rents:
Unit one is a large 2 BR with a deck and rent is $1000. Unit two is also a large 2 BR and rent is $750 Unit two also has steam heat.
Unit three is a 1 BR and rent is $650. Unit three also has a deck.

All units are occupied with long-term tenants who are on month to month leases. Rents for the 1 & 2 BR are due to be raised. There are 5-6 parking spots.

Last Agent to Sell the Property

Vearl Green

Brokers Realty License #6501315009 Listed on: 10/20/2022

Last Buyer's Agent

Cabus Dewey

EXIT Realty Home Partners License #6501403441

EXIT Realty Home Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,500

Year Built

  • Built in 1860

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 95x125
  • Rectangular Lot
  • Many Trees

Home Design

  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,640 Sq Ft Home
  • 2-Story Property
  • Michigan Basement

Parking

  • 4 Parking Spaces
  • Parking Lot

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $28,800

Community Details

Overview

  • 3 Units
  • Wyllis O Dodge Subdivision

Building Details

  • New Taxes Expense $3,189
  • Net Operating Income $23,707

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,500

Year Built

Built in 1860

Lot Details

0.27 Acres

Listing Details

  • Gross Rent: 28800.0
  • Net Income: 23707.0
  • Tax Year: 2022
  • Levels: Two
  • Year Built: 1860
  • Lot Size Acres: 0.27
  • Lot Size: 95X125
  • Subdivision Name: Wyllis O Dodge
  • Above Grade Finished Sq Ft: 2640.0
  • General Property Info:Lot Size Dimensions: 95X125
  • General Property Info:Above Grade Finished Area: 2640.0
  • Levels:Two2: Yes
  • Foundation Details:Block4: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 3500.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: 401 RESIDENTIAL-IMPROVED
  • General Property Info:_pound_ of Units: 3
  • Annual Inc Expense:Tax Expense2: 3189.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan
  • Heating: Forced Air
  • Property Type: Resid/Multi-Family
  • Basement:Michigan: Yes

Exterior Features

  • Roof: Shingle
  • Foundation Details: Block
  • Lot Features: City Lot, Many Trees, Near Public Transit, Rectangular Lot
  • RoadFrontageType: City Street
  • Construction Type: Vinyl Siding
  • Lot Features:City Lot: Yes
  • Lot Features:Near Public Transit: Yes
  • Lot Features:Many Trees: Yes
  • Lot Features:Rectangular Lot: Yes

Garage/Parking

  • Parking Features: Parking Lot, See Remarks
  • Attached Garage: No
  • General Property Info:Parking Total: 4
  • Parking Features:Parking Lot: Yes
  • Parking Features:See Remarks13: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: None
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 11935.44
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2009
Sold by
Meyer Henry G
Bought by
200 East North Llc
Current Estimated Value
$215,902

Purchase Details

Closed on
Feb 8, 2008
Sold by
Meyer Henry G
Bought by
Meyer Investments Llc

Purchase Details

Closed on
Sep 27, 2007
Sold by
Meyer Henry G
Bought by
Meyer Investments Llc

Purchase Details

Closed on
May 31, 2007
Sold by
Meyer Investments Llc
Bought by
Meyer Henry G

Purchase Details

Closed on
Jan 9, 2006
Sold by
Meyer Henry
Bought by
Meyer Investments Llc

Purchase Details

Closed on
Nov 7, 2005
Sold by
Pierson Paul F and Davis Thomas
Bought by
Meyer Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,400
Interest Rate
7.7%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
200 East North Llc -- None Available
Meyer Investments Llc -- None Available
Meyer Investments Llc -- None Available
Meyer Henry G -- Landamerica Transnation Titl
Meyer Investments Llc -- None Available
Meyer Henry $124,000 Title America
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meyer Henry $105,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2022 12/01/22 Sold $193,000 +4.3% $73 / Sq Ft
11/27/2022 11/27/22 Pending -- -- --
10/18/2022 10/18/22 For Sale $185,000 -- $70 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,401 $76,100 $10,500 $65,600
2024 $43 $65,700 $10,500 $55,200
2023 $5,088 $59,200 $10,500 $48,700
2022 $3,278 $41,600 $9,400 $32,200
2021 $3,203 $43,900 $15,500 $28,400
2020 $3,179 $41,700 $15,500 $26,200
2019 $3,060 $40,000 $15,500 $24,500
2018 $2,911 $36,300 $15,500 $20,800
2017 $2,798 $36,300 $15,500 $20,800
2016 $2,686 $35,200 $15,500 $19,700
2015 $2,686 $34,300 $30,903 $3,397
2014 $2,686 $33,400 $30,903 $2,497
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 269477

Greater Lansing Association of Realtors®

APN: 01-01-09-252-262

Your Personal Tour Guide

Ask me questions while you tour the home.